Breakthrough Institute Gets it Wrong on Climate Economics — Again

Carbon pricing can’t fix the economy by itself. But that doesn’t mean we should axe it completely.

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Why do those at the Breakthrough Institute insist that everyone else besides them who cares about the environment is wrong, wrong, wrong? Their latest, called “The Creative Destruction of Climate Economics,” is a swipe at those misguided souls who think putting a price on carbon emissions would help combat climate change.

Breakthrough, according to its website, aims “to modernize liberal-progressive-green politics” and to accelerate the transition to an “ecologically vibrant” future. It “broke through” into well-funded fame in 2003 with its attack on environmentalists for failing to emphasize the economic concerns of ordinary Americans, such as jobs — thereby alienating the major environmental groups, who had been talking about jobs and the environment for years.

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The Climate Desk is a journalistic collaboration dedicated to exploring the impact—human, environmental, economic, political—of a changing climate. The partners are The Atlantic, Center for Investigative Reporting, Grist, The Guardian, Huffington Post, Mother Jones, Slate, and Wired.